Glassnode: US Spot ETH ETFs See 23 Consecutive Days of Net Outflows

ETF investors are pulling out of Ethereum. US spot ETH ETFs have recorded net outflows for 23 consecutive trading days, marking the longest streak of outflows since the product's launch.

Glassnode stated: This indicates weak demand from traditional investors, as related funds had seen significant buying in August and September. The statement came from a Glassnode post released on October 31, accompanied by a corresponding chart.

[ChainCatcher]